One of the mantras you’ll read about on this site is that property is a safe investment. Critics will argue that you could stand to lose out in the face of a recession, but if you’re not in a position where you need to sell while the going is bad, don’t.
Sky News are amongst various different outlets reporting the property figures from Nationwide, which show that house prices rose by 0.7% in March.
Figures published today show that house prices have risen 10.5% over the past year, with the average home now costing £167,802.
Compare that with the pitiful 0.5% that many ISAs are currently offering to savers, and it’s evident that property can pay dividends if you’ve got the capital and are prepared to take an educated gamble on the right premises.